AXAMANSARD INSURANCE PLC Company Profile

AXAMANSARD INSURANCE PLC

AXA Mansard was incorporated in 1989 as a private limited liability company and is registered as a composite company with the National Insurance Commission of Nigeria (NAICOM).
The Company offers life and non-life insurance products and services to individuals and institutions across Nigeria whilst also offering asset/investment management services along with health management services through its wholly owned subsidiaries, AXA Mansard Investments Limited and AXA Mansard Health Limited respectively. From 2004 to 2015, AXA Mansard Insurance grew its turnover at a compounded annual growth rate (CAGR) of 55%. In 2019, net income was NGN 28.1 billion, a 31% increase over 2018. The company has progressed from the 97th position out of 109 insurance companies existing in 2003 to one of the top 4 out of 57 insurance companies in 2019. This growth has attracted the attention of analysts from across the world.
 
The company engages in the provision of risk underwriting and related financial services. It provides life and non-life insurance services for corporate and individual customers, risk management, investment management and financial advisory services. It operates through the following segments: Non-Life Business and Life Business. The Non-Life Business segment covers the protection of customer's assets and indemnification of other parties that have suffered damage as a result of customers' accidents. The Life Business segment involves the protection of the Group's customers against the risk of premature death, disability, critical illness and other accidents. The company was founded on June 23, 1989 and is headquartered in Lagos, Nigeria.
AXA Mansard is a member of the AXA Group, a leading global insurer, with 160,000 employees serving 108 million clients in 57 countries. 

The group is a conglomerate of independently run businesses, operated according to the laws and regulations of many different countries. Despite being written in upper case, "AXA" is not an acronym, the name was chosen because it is short and can be pronounced easily the same way in almost every language. AXA is present in geographically diverse markets, with operations concentrated in Europe, North America and Asia Pacific. AXA is also present in Central and South America, Middle East and in Africa via operations in Cameroon, Gabon, Ivory Coast, Morocco, Senegal and Algeria. AXA has more than over 20 year’s continuous presence in Africa. In 2019, IFRS revenues amounted to Euro 103.5 billion and underlying earnings to Euro 6.5 billion. AXA had Euro 974 billion in assets under management as of December 31, 2019.
 
The company was listed on the Nigeria Stock Exchange in November 2009. In December 2014, AXA Mansard became a member of AXA following AXA’s acquisition of Assur Holdings (AAH), the majority shareholders in the erstwhile company.
The company is rated B+ & bbb- by A.M. Best (2020) for Financial Strength and Issuer Credit Ratings respectively. The Company is also certified ISO 9001:2015 compliant by the Standard Organisation of Nigeria (SON) for quality management systems.
 
 
AWARDS
2017 - BUSINESS DAY INNOVATION AWARDS;
(Most Innovative Insurance Company of the Year)
2017-NIGERIA CFO AWARDS;(CFO of the Year award in the Insurance category)
(Internal Audit Team of AXA Mansard received Excellence in Internal Audit Award).
JOBBERMAN BEST PLACES TO WORK AWARDS
(Listed in the Top 100 Places to Work in Nigeria)
 
2016 -BUSINESS DAY INNOVATION AWARDS;
(Most Innovative Insurance Company of the Year)
NIGERIA CFO AWARDS;
(CFO of the Year award in the Insurance category)
(Finance Team of AXA Mansard won Bronze in the Finance Team of the Year Category)
(Finance & Technology Award Category)
ESQ NIGERIAN LEGAL AWARDS;
(Best In-House Legal Team in the Insurance Category)
 
2015 - ESQ NIGERIAN LEGAL AWARDS
(Best In-House Legal Team in the Insurance Category)
NIGERIA CFO AWARDS;(CFO of the Year award in the Insurance category).
LAGOS CHAMBER OF COMMERCE AND INDUSTRY AWARD;
(Winner in the Category for Promptness in Claims Settlement in the Insurance Industry).
2015 -GROWTH STRATEGY LEADERS IN NIGERIA AWARDS
 
2014 - MARKETING WORLD AWARD;
(Insurance Brand of the Year).
NSE CORPORATE GOVERNANCE RECOGNITION
(Outstanding Corporate Governance Performance)
WEB JURIST AWARD;(Best website content within the Insurance Sector)
NATIONAL INSTITUTE OF MARKETING NIGERIA AWARD;
(Most Trusted Insurance Company in Nigeria).
 
 
LAGOS CHAMBERS OF COMMERCE AND INDUSTRY AWARD;
(Most Innovative and Impactful Insurance Company).
LEAD AFRICA AWARD;(Insurer of the year – Life)
NIGERIAN RISK AWARDS; (Overall Winner: Insurance and Pensions Organisational Award)
 
2013 - NIGERIAN RISK AWARDS;(Overall Winner: Insurance and Pensions Organisational Award)
ELITE BUSINESS AFRICA NETWORK
(Best Corporate Stewardship Award for Outstanding Work in CSR and Creating Shared Value).
CSR NIGERIA INDUSTRY AWARD; (Insurance Company of the Year).
 
2012 - GREAT PLACE TO WORK
One of the Best Companies to Work for in Nigeria
MARKETING WORLD AWARD
(Insurance Brand of the Year)
 
2011 - MARKETING WORLD AWARD; 2011
(Brand Excellence in Insurance)
LAIF AWARDS; 2011
(Television Commercials: GOLD - Corporate Image)
(Television Commercials: GOLD - Bank and Investment)
(Television Commercials: Bronze - Corporate Image)
 
BOARD OF DIRECTORS
Kunle Ahmed - Chief Executive Officer & Executive Director
Tosin Runsewe - Executive Director & Chief Client Officer
Hassan Mohamed Hassan El-Shabrawishi - Non-Executive Director
Kuldeep Kaushik - Non-Executive Director
Olusola Adeeyo - Independent Chairman
Ohiosimuan Ohiwerei - Independent Director
John Dickson – non executive